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Consolidated statement of cash flows - ZAR (R)
R in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Cash generated by operations R 18,726 R 40,746 R 67,784
Deferred revenue advance received 935 24 65
Post-retirement health care payments 0 (1) (1)
Cash-settled share-based payments paid (637) (272) (240)
Payment of Marikana dividend obligation (191) (225) (162)
Additional deferred/contingent payments relating to acquisition of a business (3,733) (4,545) (1,754)
Change in working capital 1,750 386 2,455
Total cash generated by operations 16,850 36,113 68,147
Interest received 998 682 960
Interest paid (1,304) (1,118) (781)
Royalties and carbon tax paid (922) (1,815) (3,055)
Tax paid (3,209) (8,866) (14,839)
Dividends paid (5,318) (9,453) (18,176)
Net cash from operating activities 7,095 15,543 32,256
Cash flow from investing activities      
Additions to property, plant and equipment (22,411) (15,899) (12,740)
Proceeds on disposal of property, plant and equipment 168 191 80
Acquisition of subsidiaries, net of cash acquired 471 (1,132) 0
Dividends received 449 564 1,020
Additions to other investments (658) (772) (1,803)
Disposals of other investments 202 0 0
Acquisition of equity-accounted investment (396) (92) (446)
Contributions to environmental rehabilitation funds (185) (86) (72)
Payment of deferred/contingent payment 0 (185) (577)
Contributions to enterprise development fund 0 (10) (65)
Cash outflow on loss of control of subsidiaries 0 (58) 0
Proceeds on disposal of subsidiary   72 25
Proceeds from environmental rehabilitation funds 322 33 10
Net cash used in investing activities (22,038) (17,374) (14,568)
Cash flow from financing activities      
Loans raised 14,431 8,000 20,651
Loans repaid (1,323) (8,003) (20,252)
Lease payments (219) (131) (112)
Acquisition of NCI [1] 1,009 3,363 128
Proceeds from NCI on rights issue 1,096 0 0
Share buy-back 0 0 (8,503)
Net cash from/(used) in financing activities 12,976 (3,497) (8,344)
Net (decrease)/increase in cash and cash equivalents (1,967) (5,328) 9,344
Effect of exchange rate fluctuations on cash held 1,451 1,112 708
Cash and cash equivalents at beginning of the year 26,076 30,292 20,240
Cash and cash equivalents at end of the year R 25,560 R 26,076 R 30,292
[1] The acquisition of NCI relates to the cash consideration paid with the voluntary offer to the NCI of Keliber (R103 million) and acquisition of the remaining 49.85% interest in
Century after control was obtained (R906 million)